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Total loan: $1,150
Rukoki, Western Region, Uganda / Agriculture
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Alex's loan finished fundraising,
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A loan helped to acquire more stock of agrochemicals.
Alex is 30 years old and lives in the town of Rukoki in the Rukoki region of Uganda. For the past seven years, Alex has been working hard to manage his agrochemical business, which sells seed fertilizers. To help expand his business, Alex has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to acquire more stock of agrochemicals, and will help Alex to generate greater profits, which will lead to increased returns and enable him to start another business. Alex hopes that in the future he will be able to employ people to help him run the business. Alex is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Alex who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.